Funding you earn now, next payment 12:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.086%
Price spread now: KuCoin against OKX−0.091%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,015as in the Funding arb table
Net, price: spread back to 7d avg − costs−$958as in the Price arb table
costs, in and out, $10k−$9609.605% of the position
Funding, last 7 days−0.542%−$54 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now −0.091%, 7d avg −0.116%
=The price spread pays, funding is against you. KuCoin is 0.025% dearer against OKX than usual: you sell high and buy low (spread −0.091% now, against its 7-day average of −0.116%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.542% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX O-USDT-SWAP | 0.5499 | 0.0343 | pay 0.0171% / 4h | 1h 29m | $1.5M | $1.1M | 10x |
| Short | KuCoin OUSDTM | 0.5494 | 0.0220 | get 0.0110% / 4h | 1h 29m | $1.2M | $733K | 20x |
OKX O-USDT-SWAP
KuCoin OUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.82
- Price spread: −0.091% → −0.116%
- $2.5
- Slippage, 4 orders
- −$938.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$983.77
- Costs to cover
- 9.605%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 5 min ago | 2.73 bp | 40.0 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 10.87 bp | 175.9 bp −$176 | doesn't fit | doesn't fit | doesn't fit |
O on 11 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OUSDT | +0.0100% | 4h | 0.5484 | −0.273% | $637K | $887K | 20x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5488 | −0.200% | $1.5M | $618K | 20x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5483 | −0.296% | $3K | $518 | — | as long as short |
| BloFin O-USDT | +0.0140% | 4h | 0.5482 | −0.309% | $240K | $6K | 20x | as long as short |
| Aster OUSDT | +0.0197% | 4h | 0.5484 | −0.272% | $26K | $60K | 3x | as long as short |
| KuCoin OUSDTMshort | +0.0220% | 4h | 0.5494 | −0.091% | $1.2M | $733K | 20x | |
| Bitget OUSDT | +0.0220% | 4h | 0.5490 | −0.164% | $1.5M | $423K | 10x | as long as short |
| MEXC O_USDT | +0.0340% | 4h | 0.5490 | −0.164% | $946K | $182K | 50x | as long as short |
| OKX O-USDT-SWAPlong | +0.0343% | 4h | 0.5499 | long leg | $1.5M | $1.1M | 10x | |
| Binance OUSDT | +0.0356% | 4h | 0.5488 | −0.200% | $4.6M | $2.3M | 10x | as long as short |
Bybit OUSDT
Gate O_USDT
Variational Omni O
BloFin O-USDT
Aster OUSDT
Bitget OUSDT
MEXC O_USDT
Binance OUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDT | +0.0378% | 4h | 0.5489 | −0.182% | — | $1.7M | — | as long as short |
BingX O-USDT